SHERI LIPSEY REAL ESTATE

337 W Main St, Philadelphia, MS 39350

$285,000
Property Type: Commercial Square Footage: 1,600 Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $285,000 List Date: 6/06/2025 Last Modified: 6/06/2025

Description

Excellent investment opportunity for a great rate of return. This commercial building is leased to a long-term tenant, Little Caesar's Pizza, in place since July 2014. Annual income of $26,136, plus the tenant is responsible for property taxes and all non-structural maintenance. Tenant covers their own maintenance including hvac replacement/repair. Landlord covers insurance cost. Current lease term runs until June 2029, and there is a renewal option remaining that would run from July 2029 - June 2034. Busy corner location in the heart of the West Main Street commercial corridor in Philadelphia benefit this established location. Taxes are $2,491.16 annually, paid by tenant. Insurance estimated at $2,200 annually. OFFERED AT $285,000 PURCHASE PRICE!

More Information MLS# 25-1173

Contract Information

Current Price: $285,000 Begin Date: 2025-05-31 Status: Active List Price: $285,000

General Property Description

Total SqFt.: 1600 Lot Dimensions: 0.11 acres +/- Building Size: 1600 Lot Acres: 0.11

Location Tax and Other Information

Area: 10 - Other Mississippi Areas House Number: 337 Street Dir Prefix: W Street Name: Main St State/Province: MS Postal Code: 39350 County: Neshoba Taxes: 2491.16 Tax Year: 2024 Subdivision: None Parcel Number: 05225D-00E-006.000
Listing Office: FARMER COMMERCIAL PROPERTIES
Last Updated: June - 06 - 2025
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